500 SW 2nd Ave 2150, Boca Raton, FL 33432 — MLS photo

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500 SW 2nd Ave 2150, Boca Raton, FL 33432

Active · Condominium

$169,000

500 SW 2nd Ave 2150, Boca Raton, FL 33432

Beds
1
Baths
1
Living area
512 sq ft
$ / sq ft
$330/sq ft
Year built
1971
Lot size
—
HOA fee
$578 Monthly
Annual tax
$1,799

About this property

Prime Downtown Boca Raton Investment Opportunity – Strong Rental Income Excellent opportunity to own a well-located 1-bedroom, 1-bathroom apartment in the heart of Downtown Boca Raton, currently generating $1,570/month in rental income (until November 2026). Ideal for investors seeking stable cash flow in a high-demand area. This unit features a spacious living area, updated bathroom, and ample storage throughout. The kitchen and appliances are in great condition, offering a clean, move-in-ready space for tenants. Located just steps from everything Boca has to offer: Walking distance to Mizner Park Minutes from IPIC Theaters Boca Raton, top restaurants, shops, and the post office Near the future **Brightline Boca Raton station, adding long-term value and convenience The building offers common laundry facilities on each floor, with this unit located just steps away for added convenience. Includes one assigned parking space plus ample guest parking. A rare chance to own in one of Boca Raton’s most desirable and walkable locations with immediate income and future upside.

Property location

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500 SW 2nd Ave 2150, Boca Raton, FL 33432

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Facts & features

Interior

Bedrooms
1
Bathrooms
1
Living area
512 sq ft
Flooring
Other
Appliances
Other
Cooling
Central Air
Heating
Central
Interior features
Other

Exterior & Structure

Property type
Condominium
Year built
1971
Stories
2
Architectural style
Other
Construction
Other
Exterior features
Other
View
Other

Parking

Garage spaces
2
Covered spaces
2
Parking features
Other

HOA, Community & Financials

Association fee
$578 Monthly
Fee inclusions
Other
Amenities
Other
Security
Other
Pets allowed
No
Annual tax
$1,799
Subdivision
BOCA TOWNE CENTRE CONDO
County
Palm Beach
Days on market
43
MLS listing ID
A12017785
Listing status
Active

Investment intelligence

Yield & ROI calculator

Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.

Estimated monthly cash flow

-$382

Cap rate
3.0%
Net yield
3.0%
Cash-on-cash return
-9.7%
Gross yield
9.8%
Mortgage payment
$801/mo
Down payment
$42,250
Loan amount
$126,750
Annual NOI
$5,034

Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.